Tower Bridge Advisors buys $11.3 Million stake in BB&T Corporation (BBT)

BB&T Corporation (BBT) : Tower Bridge Advisors scooped up 72,544 additional shares in BB&T Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 342,280 shares of BB&T Corporation which is valued at $11.3 Million.BB&T Corporation makes up approximately 1.43% of Tower Bridge Advisors’s portfolio.

Other Hedge Funds, Including , Hanson Doremus Investment Management reduced its stake in BBT by selling 245 shares or 6.44% in the most recent quarter. The Hedge Fund company now holds 3,557 shares of BBT which is valued at $117,808. BB&T Corporation makes up approx 0.05% of Hanson Doremus Investment Management’s portfolio.Investors Capital Advisory Services reduced its stake in BBT by selling 5,425 shares or 45.23% in the most recent quarter. The Hedge Fund company now holds 6,569 shares of BBT which is valued at $217,565. BB&T Corporation makes up approx 0.04% of Investors Capital Advisory Services’s portfolio.Winton Capital Group Ltd reduced its stake in BBT by selling 173,044 shares or 12.3% in the most recent quarter. The Hedge Fund company now holds 1,233,896 shares of BBT which is valued at $42 Million. BB&T Corporation makes up approx 0.46% of Winton Capital Group Ltd’s portfolio.Calvert Investment Management boosted its stake in BBT in the latest quarter, The investment management firm added 158,346 additional shares and now holds a total of 232,005 shares of BB&T Corporation which is valued at $7.9 Million. BB&T Corporation makes up approx 0.35% of Calvert Investment Management’s portfolio.Ifp Advisors Inc reduced its stake in BBT by selling 1,688 shares or 3.02% in the most recent quarter. The Hedge Fund company now holds 54,120 shares of BBT which is valued at $1.8 Million. BB&T Corporation makes up approx 0.11% of Ifp Advisors Inc’s portfolio.

BB&T Corporation opened for trading at $35.12 and hit $35.415 on the upside on Friday, eventually ending the session at $35.08, with a gain of 0.20% or 0.07 points. The heightened volatility saw the trading volume jump to 38,00,313 shares. Company has a market cap of $27,446 M.

On the company’s financial health, BB&T Corporation reported $0.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jan 21, 2016. Analyst had a consensus of $0.72. The company had revenue of $2557.00 million for the quarter, compared to analysts expectations of $2587.51 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Many Wall Street Analysts have commented on BB&T Corporation. BB&T Corporation was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on May 16, 2016. BB&T Corporation was Downgraded by Raymond James to ” Mkt Perform” on May 9, 2016. BB&T Corporation was Downgraded by Raymond James to ” Outperform” on Apr 7, 2016.

BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary Branch Bank and other nonbank subsidiaries. BB&T’s operations are divided into six reportable business segments: Community Banking Residential Mortgage Banking Dealer Financial Services Specialized Lending Insurance Services and Financial Services and Other Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets including small and mid-size businesses public agencies local governments and individuals through 1839 offices as of December 31 2014. BB&T’s subsidiaries offer a range of retail and commercial services to retail and commercial clients.

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